This looks like blatant collusion and market manipulation by the market makers, not shorting shares from margin accounts. The moment the market makers took controll of the stock (see chart, am. of Oct. 3rd., with the drop from $3.90 to $2.55), the price stopped going up. These are smart opperaters, and this is an obscure stock, which few people know about, so that emboldens them into thinking that they can get away with controlling it.
It looks like it was pre-planned, to collude and do this, as they must have been short the stock, and it would have gone to the moon, as there were very few sellers, and they would have lost their shirts having to cover at the price it should be at (around $10, in my opinion). Once they are covered, hopefully the stock will be allowed to go up.
Market makers are allowed to borrow stock, but not collude and mannipulate the stock price. I hope management will put in a complaint to the SEC. (They are supposed to answer, but whether they do or not is another matter.)
It's for these above reasons that I'm hoping management will get the word out about this fantastic gem of a company, as soon as possible. Until then, we could be at the mercy of manipulation.
This is Mrs. Harrell, and I posted the previous Harrell post, very early this morning, and forgot to sign my name (so please don't blame my husband for anything untoward in that post).
Mrs. Harrell.
